business news

Update news business news

US launches duty reviews on key Vietnamese exports

The US Commerce Department has initiated reviews on Vietnamese products including paper bags, steel nails, and lawn mowers under anti-dumping and countervailing duty laws.

Vietnam’s dragon fruit, pepper exports stalled by certification delays

Hundreds of tons of produce remain stuck as new regulations leave provinces unsure how to issue food safety certificates.

Billionaire Tran Dinh Long gains $400 million as HPG breaks records

Vietnam’s largest steelmaker benefits from protective trade policies and domestic demand for rail projects.

Banks in northern Vietnam suspend operations as Typhoon Wipha nears

Multiple banks temporarily close branches in Hai Phong, Quang Ninh, and other provinces due to storm impact.

Fruit and vegetable exports rebound, targeting 8 billion USD in 2025

Vietnam’s fruit and vegetable exports have shown signs of strong recovery, with the total export value in the first seven months of 2025 estimated at over 3.83 billion USD, following a sharp decline earlier this year.

Vietnam audit reveals financial sector’s cracks: Bad debts and poor returns

The State Audit of Vietnam has released its consolidated 2024 report, spotlighting multiple irregularities and inefficiencies across financial and banking institutions.

Hefty fees force residents to cancel land conversion plans

A resident in Ba Vi, Hanoi, completed procedures to convert over 210 sq m of perennial crop land to residential land, but faced exorbitant land use fees. Local authorities revoked and canceled the previous approval for conversion.

Prime retail premises sit empty in HCM City, yet rental prices remain sky-high

In HCM City, many prime retail premises at key intersections and on bustling streets are covered with "for rent" signs.

Affordable housing remains a major gap in Ho Chi Minh City

According to Savills’ newly released real estate market report for the first half of 2025, Ho Chi Minh City continues to face a shortage in housing supply.

Vietnam’s GDP growth a ‘rare bright spot’ in region

Amid global economic turbulence driven by geopolitical instability, trade conflicts, and tight monetary policies, Vietnam has emerged as a rare bright spot.

Petrolimex appoints Luu Van Tuyen as new CEO

The Board of Directors of Vietnam National Petroleum Group (Petrolimex) has officially appointed Mr. Luu Van Tuyen as the new Chief Executive Officer of the corporation.

Vietnam banks reveal soaring H1 profits, NCB leads surge

A strong first half for Vietnamese banks with NCB’s remarkable growth and steady advances from state-run lenders.

Finance ministry draws up two economic growth scenarios for 2025

Prime Minister Pham Minh Chinh said the targeted GDP growth rates of 8.3-8.5 percent in 2025 and 10 percent or higher in 2026 are challenging to achieve but not impossible, and must be pursued.

For the first time in 4 years, people enjoy durian at low prices

Durian, the ‘King of Fruit’, which has been very expensive in Vietnam in recent years, has become cheaper than ever. Hanoians can now enjoy durian at surprisingly low prices.

Transparent business environment appealing to foreign investors

Foreign investment flows into Vietnam have continued to grow positively amidst global economic fluctuations, according to the Foreign Investment Agency of the Ministry of Finance.

Farmer revives royal bird in Bac Ninh, turns wildlife into fortune

Once considered a royal delicacy, the rare and precious bird known as the "imperial bird" is making a comeback in Bac Ninh, bringing in billions of dong for its breeders.

One-bedroom unit in HCM City listed for US$1.25 million

In a tight housing market, a one-bedroom unit in downtown Ho Chi Minh City has shocked buyers with a projected price of over USD 1.2 million.

Vietnamese businesses under pressure to implement ESG standards

According to a PwC survey, 78 percent of Southeast Asian CEOs view ESG as a strategic priority, yet 40 percent lack the workforce to meet these demands.

Singapore trade event helps Vietnamese enterprises boost exports

The Trade Office of the Vietnamese Embassy in Singapore, in collaboration with the Singapore Fruits and Vegetables Importers and Exporters Association (SFVIEA), organised the Vietnam Fruit and Vegetable Festival 2025 on July 18.

Phu Quoc special zone advances toward smart urban centre

Phu Quoc, the "Pearl Island" of southern An Giang province and Vietnam, is ramping up key technology-driven initiatives aimed at transforming into a smart, world-class maritime urban centre.